Estonian developer of supercapacitors (electrochemical energy storage devices) Skeleton Technologies raisedinvestment from its own Japanese partner Marubeni Corporation. The amount of the deal is undisclosed. Contact online >>
Estonian developer of supercapacitors (electrochemical energy storage devices) Skeleton Technologies raisedinvestment from its own Japanese partner Marubeni Corporation. The amount of the deal is undisclosed.
Skeleton Technologies will use the investment from Marubeni Corporation in the preparation of the company for the new mass production of SupperBattery, which is a storage battery with long life, high power, fast charge/discharge features, and low environmental impact. The company plans to build a plant for manufacturing these batteries in 2024.
Marubeni Corporation is a Tokio-based company with CEO and president Masumi Kakinoki. The company’s main business areas are energy, factories, mechanical engineering, and transportation. Besides, it makes internal and external investments. Marubeni has already invested in Skeleton Technologies in March 2021, in exchange for nearly 1% of the Estonian company. Marubeni Corporation has been also a strategic partner and official distributor of Skeleton in Japan and other Asian countries since 2021.
UPD: It was a series-E round of investment, divided into two parts. The first investment was from Marubeni Corporation, which injected the company €50M in convertible bonds. In total, Skeleton Technologies plans to raise about €220M of investment.
Tallinn-based ultracapacitor manufacturer Skeleton Technologies has raised an undisclosed amount of funding from existing investor Marubeni Corporation. The company will use it to build a production factory, SuperBattery, Invest in Estonia informs.
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As a part of the ''Startup of the month'' series, we had a chance to interview Taavi Madiberk, CEO of Skeleton Technologies, to learn and understand the inspiration behind establishing the startup, the technology used, and the business model, among others.
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